False Dawn : The Delusions of Global Capitalism, Paperback

False Dawn : The Delusions of Global Capitalism Paperback

3.5 out of 5 (1 rating)


In the midst of the current financial crisis, John Gray revisits his brilliant polemic against the forces of global capitalism and deregulation.

Written over ten years ago, "False Dawn" is a remarkably prescient book, sharply criticising the greed and unsustainable economic practices which have proved to be the seeds of a world-wide recession.

In a substantial new chapter Gray will consider how the economic landscape has shifted in a decade, and ask the crucial question: where do we go from here?


  • Format: Paperback
  • Pages: 272 pages
  • Publisher: Granta Books
  • Publication Date:
  • Category: Economic theory & philosophy
  • ISBN: 9781847081322



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Bit strident at first: rather too much the parti pris Jeremiad against capitalism with a touch of reification - capitalism taking on the aspect of a hated idol. Later more interesting as he starts to describe different forms of capitalism, how they are culturally and historically rooted. Excellent on the differences between Russian, Chinese and Japanese worlds ( mainly a matter of peasantry).Then the argument that US style free market capitalism is just one form and unlikely to take over the world either by natural evolution or by conquest starts to make sense.Written in the 90s, revised as the 2008 crisis began, he falls short as a prophet; US cap came as near to crash-and-burn as it could but seems to have done a Phoenix. There is something appealing about his pessimism, sometimes quite wittily expressed. Good contrast with Harford's optimistic belief in the workings of rationality in daily life.Interesting points: the US is no longer typically "Western" especially with its strong religiosity contrasting with Europe,and its incarceration rates; Communism was an alien Western import imposed on Russia and China, just as much as laisser faire capitalism.